
Los Angeles, California 90023
This Quadruplex Residential Income Asset is a High-Potential Investment Opportunity, listed at $1,299,999—positioned slightly above the $1,296,952 Fair Market Value. While the property reflects a Condition Rating of 4, its 7.30% Cap Rate and 12 parking spaces provide significant operational stability. The SB 9 Zoning Potential and corner lot location offer substantial long-term development upside. This property is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage rental income while capitalizing on future density opportunities in a high-demand Los Angeles corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4045 Dennison Street Subject | $1,299,999* List Price | 0 | 0 | 3,649 | $355 | - |
A 947 S Sunol Drive Active | $1,249,900 List Price | 0 | 0 | 3,536 | $353 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1955, this 70-year-old multi-unit property is functional and income-generating but shows clear signs of age. The exterior stucco and hardscaping are weathered, and the lack of interior photos or mention of recent upgrades suggests dated kitchens, bathrooms, and systems that likely require modernization and minor repairs to meet current market standards.
With an estimated cap rate of 7.30% and a gross rent multiplier of 11.04, this property offers exceptional income potential and yield compared to typical Los Angeles multi-family assets.
The inclusion of 12 parking spaces for a four-unit property is a rare and highly valuable feature in this high-density area, significantly increasing tenant appeal and marketability.
Situated on a prominent corner lot with SB 9 eligibility, the property provides significant long-term upside through potential lot splits or additional residential development.
Built in 1955, the property may require significant capital expenditures for modernizing core systems such as plumbing, electrical, or roofing to maintain its competitive edge.
The realization of future development or SB 9 potential is subject to rigorous city verification, placing the burden of zoning and feasibility risk entirely on the buyer.
**Massive price reduction!** 4045 Dennison Street, an exceptional four-unit investment opportunity situated on a prominent corner lot in the heart of Los Angeles. This income-generating property features a unique layout consisting of a duplex and two detached single-family residences, offering both privacy and flexibility for owner-occupants or savvy investors. Based on the current income and updated operating expense figures, the property reflects an estimated cap rate of approximately 7.30% and a gross rent multiplier of approximately 11.04, demonstrating strong income potential and attractive long-term upside. The expansive lot includes an impressive 12 parking spaces, a rare find in this area, adding tremendous convenience and value to the asset. Zoned with potential under SB 9, the property may offer future lot split or development upside. Buyer to verify all zoning, development, and SB 9 possibilities with the city. Perfectly positioned near key transportation corridors, major employment hubs, and vibrant neighborhoods, 4045 Dennison Street is a well-located, high-performing asset with flexible income, financing appeal, and future development potential. Do not miss your chance to secure one of the most versatile and strategic investment properties in Los Angeles.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 3,649 | 2,250 |
| Lot Size | 8,032 | 5,864 |
| Price | $1.30M | $826.7K |
| Price per sq ft | $356 | $395 |
| Built year | 1955 | 1925 |
| HOA | $0 | $0 |
| Days on market | 51 | 83 |
Jun 7, 2026
$1,299,999
$1,295,900
+0% Price Increase
Initial Listing
Jun 1, 2026
$1,295,900
Initial Listing
Oct 24, 2017
$830,000
Public Record